{"id":21,"date":"2024-06-11T00:46:19","date_gmt":"2024-06-10T21:46:19","guid":{"rendered":"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/11\/888-holdings-sells-bingo-business-to-broadway-gaming-for-45-2-million\/"},"modified":"2024-06-12T10:39:01","modified_gmt":"2024-06-12T07:39:01","slug":"888-holdings-sells-bingo-business-to-broadway-gaming-for-45-2-million","status":"publish","type":"post","link":"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/11\/888-holdings-sells-bingo-business-to-broadway-gaming-for-45-2-million\/","title":{"rendered":"888 Holdings Sells Bingo Business to Broadway Gaming for $45.2 Million"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/j4M217y5S2g\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings has divested its bingo operations to Broadway Gaming in a transaction valued at $45.2 million.  Under the terms of the agreement, Broadway Gaming will assume control of both the consumer-facing and business-to-business segments of 888&#8217;s bingo enterprise.<\/p>\n<p>The bulk of the purchase price has already been remitted, with the outstanding $2 million payable within the coming year.  888 Holdings has also committed to furnishing Broadway Gaming with specific services over the next twelve months to ensure a seamless transition.<\/p>\n<p>Itai Pazner, CEO of 888 Holdings, conveyed his gratitude to the bingo team for their commitment and diligence, expressing confidence in the business&#8217;s prospects under Broadway&#8217;s stewardship. Pazner emphasized that this divestiture will enable 888 Holdings to prioritize the integration of William Hill, a prominent gaming entity acquired the previous year, and bolster its standing as a global iGaming frontrunner.<\/p>\n<p>David Butler, CEO of Broadway Gaming, articulated his enthusiasm for the acquisition, underscoring the caliber of 888&#8217;s bingo platform and its robust performance.  The UK-based bingo operation generated $25 million in revenue during the initial six months of 2022, and approximately $54 million throughout the preceding year. <\/p>\n<p>This purchase provides us with a significant advantage in the worldwide bingo industry.  Consider this: we are joining forces with some already prominent brands, such as &#8216;Butlers Bingo,&#8217; and establishing ourselves as a key contender.&#8221;<\/p>\n<p>&#8220;This is not simply about expanding; it&#8217;s about strategic expansion. We recognize enormous possibilities in both the consumer-facing and business-to-business aspects of the industry.  We are eager to collaborate with the new group and make this the largest and greatest online bingo platform available.&#8221;<\/p>\n<p>This action occurred in July 2022 when 888 finalized its acquisition of William Hill&#8217;s non-US holdings and appointed three new individuals to the board of directors. <\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"text-justify mb-2\" >888 Holdings has divested its bingo operations to Broadway Gaming in a transaction valued at $45.2 million. Under the terms of the agreement, Broadway Gaming will assume control of both the consumer-facing and business-to-business segments of 888&#8217;s bingo enterprise. The bulk of the purchase price [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>888 Holdings Sells Bingo Business for $45.2 Million<\/title>\n<meta name=\"description\" content=\"888 Holdings divests its bingo operations to Broadway Gaming in a deal worth $45.2 million. 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